LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 150,000 new Ordinary Shares at a price of 593 pence per share. This transaction took place today under the company's existing block listing facility established on May 24, 2024.
The issuance of shares for cash contributes to the company's growth strategy, expanding its total issued share capital to 506,727,308. This figure is now the denominator for shareholders to calculate their percentage holdings and determine whether they need to disclose changes in their stake in the company as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has confirmed that after this transaction, it retains 9,289,140 Ordinary Shares available for issuance under the current block listing facility. It was also noted that JPMorgan Global Growth & Income PLC does not hold any ordinary shares in Treasury and commits to re-issuing any shares from Treasury only at a premium to their net asset value at the time of the issue.
This move is part of the company's ongoing capital management process and provides investors with the opportunity to increase their investment in the company. The shares were issued at a price that reflects the market conditions and the company's valuation at the time of the transaction.
The information about the share issuance was distributed by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement. As per the company's policy and market regulations, JPMorgan Funds Limited's Company Secretary, Divya Amin, is available for inquiries regarding this announcement.
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